Nakilat AGM ratifies 12% cash dividend

Nakilat Annual General Meeting has ratified company board's decision to distribute 12% (QR 1.20) cash dividend to its shareholders.
The Qatari marine transport company's net profit for the financial year ended December 2014 increased by 23% to QR 895 million compared to QR 730 Million in 2013.
The meeting held here Tuesday night also highlighted the growth, infrastructural developments, and exemplary safety record of Nakilat and its joint venture partners, ship repairer Nakilat-Keppel Offshore & Marine (N-KOM), and shipbuilder Nakilat Damen Shipyards Qatar (NDSQ).
Nakilat Managing Director Abdullah Fadhalah Al Sulaiti said, ""The expansion and consolidation of our shipping activities been a major achievement for Nakilat in 2014." The company will expand its LNG fleet to 61 ships in operation this year. N-KOM has completed over 300 projects and NDSQ has has finalised delivery of 19 new-build vessels to Milaha. It has delivered two new workboats as part of a seven-vessel order, and continues to work on the construction of the first two super-yachts ever to be built in Qatar, he said.